Tuesday, October 22, 2013

A peeve of mine

....the September jobs report came out today, and despite the fact that the # of jobs created is about 50,000 short of the 190,000 needed each month to keep up with population growth, the media were noting that it was "enough to reduce the unemployment rate to 7.2%."

Um, no. What happened to reduce the unemployment rate by 0.1%--which would be (assuming a work force of 150 million adults) 200,000 more jobs than were actually created?

Simple; 200,000 people either did not find their first job, or gave up looking for work. There's your Obama "recovery" in action.